Retail Park Fresko is located in the established retail cluster Varisto. There are 11 tenants including a strong anchor tenant Tokmanni, the largest general discount retail chain in Finland and in the Nordics.
Retail Park Fresko offers a variety of retail and storage units with a total leasable area of circa 15,500 sqm. The property is located on a freehold plot and has a big parking area with circa 300 parking spaces.
“From a challenging position in 2015 when the property suffered from a more than 40 percent vacancy rate, the local team successfully managed to reconfigure the floor layout and subsequently sign up the anchor tenant Tokmanni in a new location in the centre. With that initiative, we created a better product and delivered a strong result for our investors, and we are happy to now leave it in eQ’s capable hands,” says Tomas Beck, Head of Nordics, Cromwell Property Group.
“Fresko is a good add to our network of properties in the key established retail areas and, thus, we see immediate and long-term synergy benefits from portfolio perspective,” says Samuel Granvik, Investment Director at eQ Asset Management Ltd.
Cromwell Sells Retail Park
Finland —
Cromwell Property Group has sold Retail Park Fresko in Varisto, Helsinki Metropolitan area, to Special Investment Fund eQ Finnish Real Estate (AIF). The purchase price for the property is approximately EUR 16.7M.<br />
2017-06-27
Maria Olsson Äärlaht
[email protected]